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August 01, 2008' T& N& P5 {* X6 J6 V3 j9 `
Weekly Update on the Edmonton Real Estate Market. \" ]0 k' E6 H5 g; a
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WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:( C- ]& O/ j& I8 |* W6 l, i
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New listings: 528 (476, 599, 617)
; _! E) n7 U A! c: y8 _' a4 q# Sales: 296 (286, 293, 254)6 D. K( W8 {+ e; k
Ratio: 56% (60%, 49%, 41%)0 d) N4 B; {8 U" T- v- s
# Price changes: 466 (480, 554, 511)
" i0 K }8 `2 l) y9 n, `# Expired Listings: 608 (162, 270, 261). \" ]" h0 U7 t1 S. U+ G
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
- S0 d0 S C9 }* z6 BNet loss/gain in listings this week: -418 (-35, -29, 47)- P2 _; N1 `8 O/ t [" u/ P
Active listings for single family homes: 4007 (4206, 4236, 4242), ~+ c5 t% K/ O# K2 Y
Active listings for condos: 2708 (2914, 2910, 2901)7 W; |1 x/ o' D1 m" u! `9 ~ D
" C# l" `+ h- O! VI know we promised a big day for stats today, and it is still coming. There has been a slight delay getting the daily stats up for the last day of July in the board's database, but I have their assurance the numbers will be up shortly. We'll get that to you asap.
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For now, we've got our weekly analysis. As is typical for the end of the month, there were a large number expiries, which accounted for another drop in inventory. The new listings to sales ratio remains higher than we've seen in previous weeks. Another interesting tid bit, there were a large number of condos that changed hands this week - 137 when the average for the last 5 months is 100. This is likely due to the number of people up looking for condos for their kids going to U of A this fall. |
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